Aviva LifeShield Advantage plan ensures prosperity to the customers and well-being for their loved ones. This policy offers a comprehensive coverage at a nominal premium rate and provides the option to the customers to choose a suitable insurance coverage, policy premium term, and premium payment frequency according to their needs. Policyholders also have an additional advantage of choosing enhanced protection against disabilities caused by accidents.
+Tax benefit is subject to changes in tax laws.
++All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Option A provides life protection coverage. In which case the nominee will receive the sum assured, on the death of the life insured.
Option B is a life-cum-disability protection and return of premium. If the policyholder loses his life or suffers from a permanent total disability caused by an accident that meets the criteria mentioned by the policy, whichever is earlier, the Sum Assured plus all the premiums paid until death will be given to the nominee.
|
Minimum |
Maximum |
Entry Age of the Life Assured(Last Birthday) |
18 years |
55 years |
Maturity Age (Last Birthday) of the Life Assured |
28 years |
65 years |
Policy Term (PT) in years |
10 years |
30 years |
Premium Paying Term (PPT) in years |
Single Premium |
Regular |
Premium Paying Frequency |
Single Premium, Yearly, Half-yearly, Quarterly, Monthly |
|
Annual Premium |
Rs. 12000 for Single Premium Rs. 2400 for Regular |
No limit |
Sum Assured |
Rs. 2 lakhs |
Option A: No limit Option B: Rs. 50 lakhs |
Aviva LifeShield Advantage - Option A |
||||
Age |
Policy Term |
Premium Payment Term |
Annual Premium |
Sum Assured |
20 years |
30 years |
Single Premium |
Rs. 520000 |
Rs. 20000000 |
40 years |
25 years |
Single Premium |
Rs. 36575000 |
Rs. 550000000 |
50 years |
15 years |
15 years |
Rs. 3176000 |
Rs.200000000 |
Aviva LifeShield Advantage - Option B |
||||
Age |
Policy Term |
Premium Payment Term |
Annual Premium |
Sum Assured |
25 years |
30 years |
30 years |
Rs. 17600 |
Rs. 5000000 |
50 years |
15 years |
15 years |
Rs. 39900 |
Rs. 2000000 |
To process your application form, you have to submit an identity proof (Aadhar Card, Passport, PAN Card or Driving license), bank account details and the address proof along with a recent photograph. In some of the cases, a medical examination and income proof may also be required.
You may also like to read: Aviva Life Term Insurance Plans |